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Six-Unit Apartment Building
For Sale
Contact for pricing
Pending

421 Elm Ave, Roanoke, VA 24016

Fully occupied apartment property with rear parking, individual unit access, and basement laundry facilities.

Property SizeContact for details
Days on Market144

Property Features for 421 Elm Ave

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Additional Details

Multifamily Units 6

Amenities

coin-operated laundry

Building Details

Buildings 1
Listing Agency: MKB Commercial
Listed By: Laken Vail · License #0225219302
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 31 at 3:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MKB Commercial

Investment Insights

Based on property information with market context.

This six-unit apartment building is currently 100% occupied, with most residences benefiting from recent cosmetic improvements including updated paint and fixtures. The property includes an owner-operated coin laundry in the basement, adding an on-site resident amenity.

Rear parking serves the units, and access to each apartment is provided from the back of the building. The property is located in SW Roanoke City at 421 Elm Ave, Roanoke, VA 24016.

Key Highlights

  • Six‑unit apartment building in SW Roanoke City
  • Currently 100% occupied
  • Most units have updated paint, fixtures, and other cosmetic improvements

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Carpet & Flooring Store Pet Grooming Service Florist Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,145
Businesses Nearby

Demographics for 24016, VA

9,371
Population
5,602
Households
1.7
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
3.0 sq mi
ZIP Area
3,124
Density / Sq Mi
$43,727
Median Household Income
$35,936
Median Earnings
$972
Median Rent
$118,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied apartment property with rear parking, individual unit access, and basement laundry facilities.
Where is this apartment building located?
The property is located at 421 Elm Ave Roanoke, VA.
What are key features of this property?
This property features: Six‑unit apartment building in SW Roanoke City; Currently 100% occupied; Most units have updated paint, fixtures, and other cosmetic improvements
More about this property
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